fbpx
Founder Institute Lagos Founder Institute Lagos Founder Institute Lagos
  • Home
  • About
  • Partners
  • Advertise
  • Contact
  • Signup to receive updates
Innovation | Startups | Funding | Tech Blog in Africa
Advertisement
  • Home
  • Startups
  • Hubs
  • Funding
  • WomenTech
  • CleanTech
  • Blockchain
No Result
View All Result
  • Home
  • Startups
  • Hubs
  • Funding
  • WomenTech
  • CleanTech
  • Blockchain
No Result
View All Result
Innovation | Startups | Funding | Tech Blog in Africa
No Result
View All Result
Home Startups Startup News

3 African startups selected for Aptive Capitals’ early-stage investment

by Editor
2020/09/23 - Updated on 2020/12/28
in Startup News
Aptive Capital Press Release Final

Aptive Capital Press Release Final

Share on FacebookShare on Twitter
Tweet
Share
Share

Aptive Capital makes $10,000 equity-investment in three African startups

  • Aptive picks three African startups as its maiden portfolio companies
  • Selected Startups get $10,000 equity-investment, support and network access from Aptive Capital
  • Aptive Capital, a US-based VC, today announces its investment in three early-stage businesses in Africa; Nigeria, and Uganda.

Earlier in June 2020, the Africa-focused investment company opened up applications to invest $10,000 equity capital into eligible and high potential startups based in Africa, from its $1 million portfolio fund.

The application, which ran for a month, had over 500 entries from high growth companies with very impressive founders across Africa.

After thorough phases of scrutiny and submission reviews by investment professionals, three startups were selected for the early-stage funding.

RelatedPosts

Startup Act: Rwandan Government Initiates Process for Implementation

Ecobank Group Announces Finalists of its 3rd Edition Fintech Challenge

Suguba, Others Partner to Support Start-ups in Francophone Africa

AEP Digital Announces Partnership with Facebook for the 2020 Digital Programme

Speaking on the investment, Dr Ben Peter, Managing Partner at Aptive Capital said, “We had lots of entries from impressive founders across Africa who showed so much enthusiasm and had amazing solutions.

We’ve settled for these three, not because they are the best, but because we believe their visions as impact-led companies directly align with our goals to promote measurable and innovative social causes in Africa.

Our team has kickstarted support for these energetic companies who believe the solutions they are proffering will solve the continent’s
most daunting problems. This is what Aptive Capital is committed to doing.”

According to the organisation, the criteria which determine the selection include; early-stage business, evidence of impact, founding team, uniqueness of the solution, traction, leverage of technology, further projections and validity of the startup industry.

While applications rolled in from sectors such as Digital Storytelling, eLearning, Access to market, Digital payments, Supply Chain management, agriculture, Logistic, eCommerce, Gamification, Big data, Cybersecurity, Crowdsourcing, and eLiteracy, the selected companies include:

Skyfire Digital

A digital marketing agency supporting MSMEs in Africa and the US market to achieve their business ROI objectives as well as scale through various online channels.

Mimi Money 

Bitcoin payment solution using crypto to transform payment in Uganda.

Emmnoch Farms

Fish farm solution providing end-to-end along the fishery value chain and connecting rural farmers and bridging the nutrition gap through fish farming.

From the pool, barely 100 startups made it to the second stage which involved due diligence and further documentation.

The next round was a one-on-one Zoom pitch, that saw 10 selected startups make it to the finals.

At the final stage, only these three startups were able to successfully gain investment interest from Aptive Capital.

According to Peter, “Our selection process was quite intense and we’re glad that these ones not only saw it through but also emerged victorious in the end because of their belief in their solution as well as a very lucid business model.”

In the next couple of months, Aptive Capital will, in addition to the $10,000 funding, offer technical support, mentorship, coaching to intensify the social impact of its portfolio companies.

Aptive says its next call for investment rounds will open before end of the year.


Don’t miss important articles during the week. Subscribe to cfamedia weekly digest for updates.

Join @techbuildafrica on Telegram
Tweet
Share
Share
ShareTweetShareSendShare

Subscribe us

Recent Posts

  • What is a Cloud Kitchen? 
  • How Conversational AI boosts Business Sales
  • Leveraging Digital Marketing Tactics to drive E-commerce Sales
  • Dream VC reveals Insights from 4,000+ Applicants
  • Blue Sapphire Hub Demo Day: Showcasing Northern Nigeria’s Innovation Potential
  • 5 Bold and Experiential Ways to Validate Your Business Plan
  • LHoFT Foundation launches 6th Edition of CATAPULT: Inclusion Africa ($10K)
  • Young African Entrepreneur? Apply for Youth SDG Innovation Award
  • ISN Hubs drives Stakeholder Engagement through Hub Meet-up Series
  • Africa Day: 13 Ways to celebrate Africa’s Diverse Cultural Achievements
Innovation | Startups | Funding | Tech Blog in Africa

© 2013-2021 techbuild.africa. All Rights Reserved.

Navigate Site

  • About
  • Contact
  • WE-Forum
  • Privacy
  • Sitemap
  • Terms
  • Blockchain
  • CleanTech

Follow Us

No Result
View All Result
  • Home
  • Startups
  • Hubs
  • Funding
  • WomenTech
  • CleanTech
  • Blockchain

© 2013-2021 techbuild.africa. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In